global home audio equipment market

Global Home Audio Equipment Market is projected to exhibit a CAGR of 3.46 % between 2017 and 2025

Author: QYResearch | Published Date: 2018-08-18| Views: 50

According to the report, global revenue for Home Audio Equipment market was valued at $ 9,737 million in 2017, and is expected to generate revenue of $ 12,778 million by end of 2025, growing at a CAGR of 3.46 % between 2017 and 2025.

Global Home Audio Equipment Market: Market Driver and Restraint

The home audio equipment market is expected to witness significant growth on account of technologically advanced features incorporated in devices with rising popularity of audio technologies. Some of the technologies associated with the shift include HTiB (Home Theater in-a-Box), speaker bars, A/V receivers and wireless speakers. The emergence of realistic home audio equipment is expected to be a major driving force for the home audio equipment market. Growing consumer demand for high-performance home theater experience owing to increased disposable income is expected to drive home audio equipment demand over the next few years.

Global Home Audio Equipment Market: Forecast by Distribution Channels

This segment includes Onlineand Offline. The Offline segment was the leading contributing end user segment and will continue to lead the market until the end of 2025.

Global Home Audio Equipment Market: Forecast by Form

This segment includes Home Theatre in-a-box (HTiB), Home Audio Speakers and Systems and Others. On the basis of product type, they come usually as Home Theatre in-a-box (HTiB). The Home Theatre in-a-box (HTiB) segment is projected to account for the largest revenue share during the forecast period; this segment was estimated to account for 61.99 % market share in 2017.

Global Home Audio Equipment Market: Forecast by Region

In this study, the market for the Home Audio Equipment consumption divided into five geographic regions. This segment includes North America, Europe, Asia-Pacific, Latin America and Rest of World. Among all regions, Asia-Pacific Home Audio size stood as the largest market and was valued at USD 3842.42 Million in 2017 and is anticipated to grow at a CAGR of 3.80% from 2017 to 2025. The region is likely to continue its dominance over the forecast period due to early adoption of home audio devices. In addition, presence of high number of technology consciousness people is also likely to surge the demand.

Of the major players of Home Audio Equipment, LG maintained its first place in the ranking in 2017. LG accounted for 26.26 % of the Global Home Audio Equipment revenue market share in 2017, followed by Sony.